Frequently Asked Questions

TO HELP YOU LEARN MORE

Frequently Asked Questions helps you to build your legacy with complete information relevant to every section as required by Indian Government rules and regulations. We are constantly updating our FAQs to help our Subscriber feel confident & happy to build their legacy to empower their family members.

What is a Will?

A Will is a document whereby a person expresses his desire as to the disposal of his properties after his death. It means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death.

Who can write a Will?

Anyone who has assets and thinks they are valuable & precious could write a will.

  • He should be a Major
  • Should have a sound disposing mind.
  • Should not otherwise be debarred from making a will.
Why should I write a Will?
  • A will is the only way you can ensure how and in what proportion you want your assets to be distributed to the beneficiaries after you.
  • It is not about the value of assets you have; it is about ensuring that your hard-earned assets are passed on to your next generation hassle free.
  • A will can also be used to appoint a guardian to look after children until they can look after themselves.
  • A will also allow you to choose a person to manage the distribution of your assets. This person is called an executor. If you do not have a will, your assets are distributed by a court-appointed person called an administrator.
  • Eliminate the hassles of the law having to distribute your assets to legal heirs if you die intestate (without leaving a will behind)
  • If one was not aware of death and the risks attached to it, then Insurance would not have existed. Insurance is must, so is Will.
What if I die without making a Will?

If one does not make a Will, then his/her estate will be distributed only amongst the close family members as per the law. In this process, the undeserving family members may get the share in your estate, leaving the real deserving/needy family members or friends without any share.